Section 70-01-01-01 - Organization of real estate commission1.History and functions. The 1957 legislative assembly passed a real estate licensing law, codified as North Dakota Century Code chapter 43-23. This chapter requires the governor to appoint a state real estate commission. It is the responsibility of the commission to administer the real estate license law regarding brokers and salespersons and to regulate the sale of out-of-state subdivided lands offered for sale to residents of North Dakota. In addition, the commission is required to administer a real estate education, research, and recovery fund whereby aggrieved persons may make application for the payment of unsatisfied judgments.2.Commission membership. The commission consists of five members, three of whom are active real estate brokers, appointed by the governor. Members of the commission are appointed for a term of five years, staggered so the term of one member expires each year. At the expiration of the term of any member of the commission, the governor appoints a successor for a term of five years.3.Executive director. The executive director of the commission is employed by the commission and is responsible for administration of the commission's activities.4.Inquiries. Inquiries regarding the commission may be addressed to the executive director.N.D. Admin Code 70-01-01-01
Amended effective July 1, 2006; April 1, 2008.Amended by Administrative Rules Supplement 2022-385, July 2022, effective 7/1/2022.General Authority: NDCC 28-32-02
Law Implemented: NDCC 43-23-03